Saturday, August 08, 2026
Poland’s Sejm (lower house of parliament) approved a government bill on 15 May 2026 that introduces significant changes to tax administration, aimed at reducing bureaucracy and streamlining processes for taxpayers. The legislation has now been forwarded to the Senate for final approval. Domestic tax scheme reporting eliminated A key provision in the bill removes the...
Taiwan’s Northern Taiwan National Taxation Bureau of the Ministry of Finance announced that the filing period for the 2025 profit-seeking enterprise income tax return is from May 1 to May 31, 2026 (extended to June 1 if the deadline falls on a holiday). Enterprises that fall under the scope of Controlled Foreign Corporations (CFCs) must...
The Irish High Court, in a judgment delivered by Ms Justice Marguerite Bolger on 12 May 2026, ruled on a tax dispute involving Accenture Global Solutions Limited, an Irish tax-resident company, concerning the treatment of Foreign Royalty Withholding Tax (FWHT) incurred in its cross-border intellectual property licensing activities. The central issue was whether FWHT paid...
Italy’s Ministry of Finance has issued the Provision of 12 May 2026, which updates Italy’s list of jurisdictions for automatic financial account information exchange under the Common Reporting Standard (CRS). The update follows Italy’s implementation of Law 95/2015, which addresses Italian financial institutions’ compliance obligations for automatic information exchange. This stems from agreements with the...
The Hong Kong Inland Revenue Department announced that the government has welcomed the approval of the Stamp Duty (Amendment) Bill 2026 by the Legislative Council on 20 May 2026. The Stamp Duty (Amendment) Bill 2026 has provisions to increase the stamp duty rate for residential property transactions with an amount or value of consideration (whichever...
The Czech Ministry of Finance has unveiled two draft amendments to the VAT Act, introducing significant changes scheduled to take effect from 1 January 2027 and 1 July 2028, addressing bad debt provisions, hospitality VAT rates, and partial implementation of the EU VAT in the Digital Age directives. Enhanced bad debt relief for small claims...
Kyrgyzstan’s parliament has given its approval to ratify a tax agreement with Japan that will modernise bilateral tax relations between the two countries. On 14 May 2026, lawmakers reviewed and passed the draft ratification law in its first reading. The parliament completed the ratification process on 20 May 2026, approving the Income Tax Treaty that...
Jordan’s Income and Sales Tax Department (ISTD) has urged taxpayers with outstanding liabilities due by 31 December 2024 to use expanded settlement options under a government decision extending the Tax Settlement and Reconciliation Committee’s mandate until 30 June 2026, allowing more time to regularise unpaid taxes, according to a release by Jordan News Agency on...
Jamaica’s tax administration (TAJ) has released Technical Advisory No. 052026/01/GCT-TA on 1 May 2026, which guides both internal and external stakeholders on the implementation and administration of the new special consumption tax (SCT) on non‑alcoholic sweetened beverages (NASBs) arising from amendments to the general consumption tax (GCT) Act and its administration through the Excise Duty...
The US Treasury has designated eight countries requiring international boycott reporting, with Form 5713 filings mandatory for businesses operating in or connected to these nations. The US Department of the Treasury issued a Federal Register notice on 19 May 2026, identifying countries that may mandate participation in international boycotts. The designated nations are Iraq, Kuwait,...